Dynatrace (NYSE:DT) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Dynatrace has received a "hold (C+)" rating from Weiss Ratings, indicating that analysts are recommending investors maintain their current positions in the stock.
• Other analysts have shown positive sentiment, with Guggenheim raising its price target from $66 to $68 and giving a "buy" rating, while Oppenheimer set a price target of $65 with an "outperform" rating.
• The company's stock recently traded at $48.43, with a market cap of $14.60 billion and a notable year-over-year revenue growth of 19.5%, reaching $477.35 million for the last quarter.

Dynatrace (NYSE:DT - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the company. Guggenheim upped their price target on Dynatrace from $66.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Oppenheimer began coverage on Dynatrace in a research report on Wednesday, August 27th. They set an "outperform" rating and a $65.00 target price for the company. KeyCorp began coverage on Dynatrace in a research note on Tuesday, June 10th. They set an "overweight" rating and a $69.00 price target for the company. Wells Fargo & Company began coverage on Dynatrace in a research note on Tuesday, September 30th. They set an "overweight" rating and a $65.00 price target for the company. Finally, Rosenblatt Securities reissued a "buy" rating and set a $67.00 price target on shares of Dynatrace in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.96.

Dynatrace Trading Up 0.6%

DT stock traded up $0.30 during trading on Wednesday, reaching $48.43. The stock had a trading volume of 2,747,732 shares, compared to its average volume of 3,473,262. Dynatrace has a 52 week low of $39.30 and a 52 week high of $63.00. The stock's 50 day moving average is $49.02 and its two-hundred day moving average is $50.21. The firm has a market cap of $14.60 billion, a PE ratio of 29.71, a PEG ratio of 4.23 and a beta of 0.88.

Dynatrace (NYSE:DT - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. Dynatrace had a return on equity of 9.15% and a net margin of 27.75%.The company had revenue of $477.35 million for the quarter, compared to the consensus estimate of $467.39 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. Dynatrace's revenue was up 19.5% on a year-over-year basis. On average, research analysts anticipate that Dynatrace will post 0.68 EPS for the current year.

Insider Activity

In other news, EVP Dan Zugelder sold 7,503 shares of the firm's stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $50.00, for a total value of $375,150.00. Following the completion of the sale, the executive vice president directly owned 1,420 shares of the company's stock, valued at $71,000. This trade represents a 84.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel S. Yates sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $49.89, for a total value of $99,780.00. Following the completion of the sale, the chief accounting officer directly owned 22,555 shares of the company's stock, valued at $1,125,268.95. The trade was a 8.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,602 shares of company stock valued at $529,579 in the last ninety days. Insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DT. Wealth Enhancement Advisory Services LLC increased its holdings in Dynatrace by 26.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 13,885 shares of the company's stock worth $755,000 after purchasing an additional 2,902 shares during the period. UMB Bank n.a. increased its holdings in Dynatrace by 155.8% during the 1st quarter. UMB Bank n.a. now owns 3,220 shares of the company's stock worth $152,000 after purchasing an additional 1,961 shares during the period. Harbor Capital Advisors Inc. increased its holdings in Dynatrace by 8.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 112,381 shares of the company's stock worth $5,299,000 after purchasing an additional 8,517 shares during the period. GAMMA Investing LLC increased its holdings in Dynatrace by 16.7% during the 1st quarter. GAMMA Investing LLC now owns 4,246 shares of the company's stock worth $200,000 after purchasing an additional 609 shares during the period. Finally, SG Americas Securities LLC increased its holdings in Dynatrace by 183.8% during the 1st quarter. SG Americas Securities LLC now owns 6,504 shares of the company's stock worth $307,000 after purchasing an additional 4,212 shares during the period. 94.28% of the stock is currently owned by hedge funds and other institutional investors.

Dynatrace Company Profile

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.